Use the Following General Linear Demand Relation $Q _ { d } = 100 - 5 P + 0.004 M - 5 P _ { R }$

question 69

Multiple Choice

Use the following general linear demand relation: $Q _ { d } = 100 - 5 P + 0.004 M - 5 P _ { R }$ where P is the price of good X,M is income,and $P _ { R}$ is the price of a related good,R.Income is $100,000,the price of the related good is $20,and the supply function is Q_s = 150 + 5P.What is the equilibrium price?

• A)$30
• B)$25
• C)$40
• D)$35
• E)$50

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Definitions:

Platelet

Small blood cells essential for blood clotting, which prevent excessive bleeding when blood vessels are injured.

Erythrocyte

A red blood cell that is responsible for carrying oxygen throughout the body.

Hematocrit

A measure of the volume percentage of red blood cells in blood, used to detect anemia, dehydration, and other conditions.

Erythrocytes

Red blood cells that carry oxygen from the lungs to the body tissues and carbon dioxide back to the lungs.